First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sees Strong Trading Volume – What’s Next?

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw unusually-high trading volume on Monday . Approximately 302,646 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 312,298 shares.The stock last traded at $18.81 and had previously closed at $18.82.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1 %

The company has a fifty day simple moving average of $18.86 and a 200 day simple moving average of $18.70.

Institutional Investors Weigh In On First Trust Institutional Preferred Securities and Income ETF

A number of large investors have recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter valued at $92,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter valued at $157,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after buying an additional 4,824 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $209,000. Finally, Balanced Rock Investment Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter valued at $219,000.

First Trust Institutional Preferred Securities and Income ETF Company Profile

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities.